State Street Corp increased its stake in TFS Financial Corporation (NASDAQ:TFSL) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 823,673 shares of the bank’s stock after buying an additional 17,139 shares during the period. State Street Corp owned approximately 0.30% of TFS Financial Corporation worth $13,692,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in TFS Financial Corporation by 19.0% in the first quarter. Pacer Advisors Inc. now owns 9,473 shares of the bank’s stock worth $157,000 after buying an additional 1,514 shares during the last quarter. Rafferty Asset Management LLC acquired a new position in TFS Financial Corporation during the first quarter worth approximately $172,000. Dynamic Technology Lab Private Ltd acquired a new position in TFS Financial Corporation during the first quarter worth approximately $300,000. KBC Group NV acquired a new position in TFS Financial Corporation during the first quarter worth approximately $362,000. Finally, Legal & General Group Plc increased its position in TFS Financial Corporation by 204.1% in the first quarter. Legal & General Group Plc now owns 23,311 shares of the bank’s stock worth $387,000 after buying an additional 15,645 shares during the last quarter. Institutional investors and hedge funds own 11.22% of the company’s stock.
TFS Financial Corporation (NASDAQ:TFSL) traded down 0.1328% during trading on Monday, reaching $15.1099. The company’s stock had a trading volume of 18,278 shares. The firm has a 50-day moving average price of $15.63 and a 200-day moving average price of $16.29. The firm has a market capitalization of $4.18 billion, a P/E ratio of 48.7416 and a beta of 0.52. TFS Financial Corporation has a 52 week low of $14.86 and a 52 week high of $19.89.
TFS Financial Corporation (NASDAQ:TFSL) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. TFS Financial Corporation had a net margin of 21.03% and a return on equity of 5.31%. The business had revenue of $75.08 million for the quarter, compared to analyst estimates of $70.88 million. During the same quarter in the prior year, the business earned $0.07 EPS. On average, equities analysts anticipate that TFS Financial Corporation will post $0.31 EPS for the current fiscal year.
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A number of research analysts recently issued reports on TFSL shares. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.50 price objective on shares of TFS Financial Corporation in a research report on Friday, July 28th. BidaskClub raised TFS Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd.
In other news, COO Meredith S. Weil purchased 5,021 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $15.40 per share, with a total value of $77,323.40. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.39% of the company’s stock.
About TFS Financial Corporation
TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The Association is a savings and loan association. The Association’s principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits.
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